Funding you earn now, next payment 08:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.028%
Price spread now: GMX against HTX−0.171%7-day average −0.047% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.171%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.124% cheaper against HTX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.047%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.074% in total (about 7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX XAU-USDT | 4,319.8 | 0.0533 | pay 0.0267% / 4h | 8m 58s | $3.2M | $6.1M | 75x |
| Short | GMX GOLD/USD [ETH-USDC] | 4,312.4 | L +0.0465% / S −0.0312% | get 0.0039% / 1h | 8m 58s | $254K | — | 111x |
HTX XAU-USDT
GMX GOLD/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.61
- Price spread: −0.171% → −0.047%
- −$12.41
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$83.02
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 5 min ago | 0.01 bp | 7.9 bp −$8 | 11.0 bp −$110 | 20.2 bp −$2,019 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XAU on 39 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0032% | 1h | 4,309.9 | −0.228% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,316.9 | −0.066% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,308.3 | −0.265% | $268K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.710% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,312.9 | −0.159% | $5.7M | $2.7M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,346.2 | +0.612% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,308.7 | −0.256% | $290.3M | $52.0M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,309.4 | −0.240% | $15.0M | $55.4M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0058% | 1h | 4,307.7 | −0.278% | $25K | $1K | 20x | as long as short |
| Aster XAUUSD1 | +0.0058% | 4h | 4,313.4 | −0.147% | $72.9M | $271.8M | 20x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Bluefin GOLD-PERP
Aster XAUUSD1Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XAU-USD-PERP | +0.0062% | 8h | 4,312.9 | −0.158% | $2K | $14K | 5x | as long as short |
| Bybit XAUUSDT | +0.0069% | 4h | 4,312.5 | −0.167% | $77.7M | $153.9M | 150x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,311.3 | −0.197% | $20.3M | $30.2M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,309.5 | −0.237% | $2.0M | $5.1M | 25x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,313.9 | −0.135% | $42K | $79K | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0098% | 24h | 4,314.3 | −0.126% | $3.7M | $45.0M | 15x | as long as short |
| Variational Omni XAU | +0.0100% | 4h | 4,316.5 | −0.076% | $47.1M | $29.0M | — | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,310.8 | −0.207% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,313.5 | −0.144% | $272K | $209K | 50x | as long as short |
| StandX XAU-USD | +0.0103% | 1h | 4,320 | +0.006% | $3.8M | $4.5M | 40x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,313.7 | −0.140% | $19.9M | $40.1M | 25x | as long as short |
| Extended XAU-USD | +0.0104% | 1h | 4,307.7 | −0.278% | $13.2M | $36.7M | 25x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,311.8 | −0.184% | $361.7M | $337.0M | 1000x | as long as short |
| Binance XAUUSDT | +0.0110% | 4h | 4,311.8 | −0.184% | $429.0M | $2.15B | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0112% | 4h | 4,316.1 | −0.085% | $1.4M | $3.0M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,312.1 | −0.177% | $160K | $87 | 10x | as long as short |
| Gate XAU_USDT | +0.0116% | 4h | 4,313.5 | −0.144% | $286.4M | $428.9M | 100x | as long as short |
| edgeX XAUUSDC | +0.0127% | 4h | 4,313.1 | −0.153% | $30.0M | $59.8M | 50x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,311.5 | −0.192% | $70.4M | $120.2M | 100x | as long as short |
| Bullet GOLD-USD | +0.0200% | 1h | 4,312.6 | −0.166% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0222% | 1h | 4,313.6 | −0.142% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,310.2 | −0.221% | $574K | $138K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0265% | 8h | 4,312.2 | −0.175% | $175.1M | $303.2M | 100x | as long as short |
| BloFin XAU-USDT | +0.0350% | 4h | 4,312.8 | −0.162% | $16.5M | $4.9M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0377% | 1h | 4,311.7 | −0.186% | $160K | $877K | 25x | as long as short |
| Phemex XAUUSDT | +0.0423% | 4h | 4,315.5 | −0.098% | $2.2M | $949K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC]short | L +0.0465% / S −0.0312% | 1h | 4,312.4 | −0.171% | $254K | — | 111x | |
| HTX XAU-USDTlong | +0.0533% | 4h | 4,319.8 | long leg | $3.2M | $6.1M | 75x | |
| RISEx XAU/USDC | +0.0643% | 1h | 4,313.3 | −0.149% | $4.5M | $13.2M | 25x | as long as short |
Paradex XAU-USD-PERP
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
Phoenix GOLD
Kalshi KXGOLDPERP
Variational Omni XAU
Pacifica XAU
ApeX Omni XAUUSDT
StandX XAU-USD
Lighter RH XAU
Extended XAU-USD
MEXC XAU_USDT
Binance XAUUSDT
GRVT XAU_USDT_Perp
Aevo XAU-PERP
Gate XAU_USDT
edgeX XAUUSDC
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Deribit GOLD_USDC-PERPETUAL
Phemex XAUUSDT
RISEx XAU/USDC